2161 N Towne Ave, Pomona, CA 91767
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2161 N Towne Ave Pomona, CA 91767

$2,400,000 Sold Price as of 04/27/2021
  • 26 Beds
  • 24 Baths
  • 12,298 Sq.Ft.
Sold
$2,400,000 Sold Price as of 04/27/2021 Refinance Your Mortgage

Map preview of 2161 N Towne Ave, Pomona, CA 91767

Property Overview: 2161 N Towne Ave Pomona, CA has 26 bedrooms, 24 bathrooms, 12,298 living square feet and 17,060 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: EXCELLENT INVESTMENT OPPORTUNITY, CLEAN AND VERY WELL MAINTAINED 12 UNITS APT.LOCATES IN THE HIGHT DEMAND RENTAL AREA,GREAT MIX INCLUDES 2-3 BEDS/2BATHS AND 10-2BEDS/2BATHS, ALL DOWNSTAIRS UNITS HAVE LARGE PRIVATE PATIOS, 1 CAR GARAGE FOR EACH UNIT,LARGE COURTYARD,EACH UNIT HAS THEIR INDIVIDUALLY ELECTRIC & GAS METER. 100% OCCUPIED WITH STABLE TENANTS, CURRENT RENT IS UNDER MARKET RENT, PLENTY ROOM FOR RENT INCREASE. CONVENIENCE LOCATION BLOCKS FROM 10 FWY,CLOSED TO SHOPPING CENTER,RESTAURANTS AND SCHOOL. PLEASE DO NOT DISTURB TENANTS!!! PROPERTY WILL BE SOLD AS IS PRESENT CONDITION. DRIVE BY ONLY. MOTIVATED SELLER.

Listed by Steven Chang | BRE #01342782 | RE/MAX Universal Realty
Last checked: 7 minutes ago | Last updated: October 3rd, 2023 | Source CRMLS | DOM: 2

Home details

Lot Sq. Ft
17,060
HOA Dues
$0/mo
Year built
1962
Garage
12 Car
Property Type:
Multi Family
Status
Sold
MLS#
TR21070956
City
Pomona
County
Los Angeles
Time on Site
1100 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 2
  • # of Electric Meters: 13
  • # of Gas Meters: 13
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 10
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 10
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,110
  • Total Rent: $1,110
  • Pro Forma/Market Rent: $1,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $162,720
  • Net Operating Income: $115,255
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $47,465
  • Electric: $1,550
  • Gas/Fuel: $3,616
  • New Taxes: $26,400
  • Trash: $4,500
  • Insurance: $4,890
  • Professional Management: $0
  • Water/Sewer: $8,382

Property Details for 2161 N Towne Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 12
  • # of Parking Spaces: 12
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 8365010010
  • Year Built Source: Assessor
  • Property is Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North of 10 FWY
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 2161 N Towne Ave

Last sold for $2,400,000 on April 27th, 2021
  • April, 2021

  • Apr 30, 2021

    Date

    Sold

    CRMLS: TR21070956

    $2,400,000

    Price

  • Apr 14, 2021

    Date

    Active Under Contract

    CRMLS: TR21070956

    $2,400,000

    Price

  • Apr 6, 2021

    Date

    Active

    CRMLS: TR21070956

    $2,400,000

    Price

  • August, 2014

  • Aug 4, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,600,016

    Price

  • December, 2005

  • Dec 16, 2005

    Date

    Sold (Public Records)

    Public Records

    $1,700,000

    Price

  • July, 2001

  • Jul 2, 2001

    Date

    Delete

    CRMLS: 1208818

    $579,900

    Price

  • Feb 22, 2001

    Date

    Active

    CRMLS: 1208818

    $579,900

    Price

  • Listing provided courtesy of CRMLS

    Reo. Two Idential Buildings Can Be Sold Seperatly. $600 Rents Can BeIncreased To $700. Major Repairs Done Recently. Individual Garages/CarportHuge Units, Each Approximetly 1,000+ Sf. Great Curb Appeal. 15%+ Cash Flow

  • May, 2001

  • May 29, 2001

    Date

    Delete

    CRMLS: 1207681

    $289,400

    Price

  • Jan 2, 2001

    Date

    Active

    CRMLS: 1207681

    $289,400

    Price

  • Listing provided courtesy of CRMLS

    Reo. Both Building Under Major Improvements. Rent Will Be Raised By$25-$50 Per Unit.

  • May, 2001

  • May 28, 2001

    Date

    Expired

    CRMLS: G207681

    $289,400

    Price

  • Jan 2, 2001

    Date

    Active

    CRMLS: G207681

    --

    Price

  • Listing provided courtesy of CRMLS

    REO. BOTH BUILDING UNDER MAJOR IMPROVEMENTS. RENT WILL BE RAISED BY $25-$50 PER UNIT.

  • February, 2001

  • Feb 28, 2001

    Date

    Delete

    CRMLS: 1207683

    $578,800

    Price

  • Jan 2, 2001

    Date

    Active

    CRMLS: 1207683

    $578,800

    Price

  • Listing provided courtesy of CRMLS

    Reo. Both Buildings Under Major Improvement/Repairs. Rents Will Be RaiSed By $25-$50 Per Unit. Evictions Will Be Completed And Vacancies Filled.

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Tax History for 2161 N Towne Ave

Assessed Value (2020): $880,045
Year Land Value Improved Value Assessed Value
2020 $384,625 $495,420 $880,045

Home Value Compared to the Market

This property vs the competition

2161 N Towne Ave sold on April 27, 2021 for 266.41% higher than the current median sold price for the city of Pomona which is $655,000. The median sold price per/sqft for Pomona is $451 and this home is sold at $195.15 per/sqft which puts the price per square foot 56.73% lower than the current median sale per square foot for the city of Pomona.

About 2161 N Towne Ave

Detailed summary of property

2161 N Towne Ave is a multi family that recently sold in Pomona, CA 91767. This multi family property offered 26 bedrooms, 24 bathrooms, roughly 12,298 living square feet, and sits on an approximately 17,060 square foot lot. 2161 N Towne Ave was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $2,400,000. Home in Pomona are selling for a median price of $655,000 and a median price per square foot of $451. Based on Ardent Real Estate Group's Pomona Market Data, this home is sold 266.41% higher than the current median priced home. Local homes that are currently for sale include 1551 W Ball Rd, 5706 Pioneer Blvd and 2112 S Cindy Pl. While the average home in Pomona, CA is selling in 44 days, 2161 N Towne Ave has a days on market of 2 days. There are currently 177 homes for sale in the Pomona real estate market and 133 of them are single family homes while 27 of them are condos and 17 are townhomes. For more information on this home for sale at 2161 N Towne Ave Pomona, CA 91767 contact Ardent Real Estate Group and we will put you in touch with one of our Pomona agents.

Public Facts for 2161 N Towne Ave

Public county record property details
Beds
13
Baths
12
Year built
1962
Sq. Ft.
6,149
Lot Size
8,536
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
8365-010-010

The source for these homes facts are from public records.

91767 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$675,000
Median List Price/Sq.Ft.
$456
Median Sold Price
$634,000
Median Sold Price/Sq.Ft.
$461
Total Inventory
70
Median Sale to List Price %
101.6%
Avg Days on Market
16
Loan Type
Conventional (55%), FHA (20%), VA (0%), Cash (15%), Other (5%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.